Confluence Investment Management LLC Acquires 78,136 Shares of iShares MBS ETF $MBB

Confluence Investment Management LLC lifted its holdings in iShares MBS ETF (NASDAQ:MBB) by 27.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 366,497 shares of the company’s stock after purchasing an additional 78,136 shares during the quarter. Confluence Investment Management LLC owned about 0.08% of iShares MBS ETF worth $34,872,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MBB. FSC Wealth Advisors LLC boosted its holdings in shares of iShares MBS ETF by 1.3% in the second quarter. FSC Wealth Advisors LLC now owns 8,559 shares of the company’s stock valued at $804,000 after buying an additional 107 shares during the period. Creekmur Asset Management LLC raised its holdings in shares of iShares MBS ETF by 21.5% during the second quarter. Creekmur Asset Management LLC now owns 621 shares of the company’s stock worth $58,000 after acquiring an additional 110 shares during the period. International Private Wealth Advisors LLC lifted its position in iShares MBS ETF by 2.8% in the 2nd quarter. International Private Wealth Advisors LLC now owns 4,120 shares of the company’s stock valued at $387,000 after acquiring an additional 114 shares in the last quarter. Midwest Heritage Bank FSB boosted its stake in iShares MBS ETF by 4.0% in the 2nd quarter. Midwest Heritage Bank FSB now owns 2,982 shares of the company’s stock worth $280,000 after purchasing an additional 116 shares during the period. Finally, Paces Ferry Wealth Advisors LLC boosted its stake in iShares MBS ETF by 5.4% in the 1st quarter. Paces Ferry Wealth Advisors LLC now owns 2,308 shares of the company’s stock worth $216,000 after purchasing an additional 119 shares during the period. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

MBB opened at $95.09 on Tuesday. The business’s 50-day moving average price is $95.45 and its two-hundred day moving average price is $94.42. iShares MBS ETF has a 1 year low of $90.28 and a 1 year high of $96.25.

iShares MBS ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 24th. Investors of record on Friday, December 19th will be given a $0.334 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, December 19th.

iShares MBS ETF Profile

iShares MBS ETF (the Fund), formerly iShares Barclays MBS Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results, which correspond to the price and yield performance of the Barclays Capital U.S. MBS Index (the Index). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage (GNMA). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).